New data from 8AM highlights that hourly billing continues to be the predominant pricing model among small and midsize law firms. Despite the increasing popularity of alternative fee arrangements, such as fixed or contingency fees, the traditional hourly billing method remains the go-to approach for many lawyers in these practices. The study reveals that the stability and familiarity of hourly billing offer simplicity and predictability in managing client matters, which appeals to firms managing limited resources. Additionally, the data suggests that small and midsize firms are slower to embrace innovative billing models compared to larger firms. This insight provides valuable context for legal professionals seeking to understand current industry trends in law firm revenue strategies. Understanding the persistence of hourly billing can help clients and attorneys navigate fee arrangements with better clarity. The article underscores the importance of monitoring billing trends to anticipate shifts in the legal services market.
ABA JournalNew data shows a rising trend in bankruptcy filings across the U.S.
October 23, 2026
New data reveals a significant increase in the number of people filing for bankruptcy in recent months, highlighting growing financial distress among consumers. Economic challenges,